Piyush Goyal says India does not have structural excess manufacturing capacity
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Commerce Minister Piyush Goyal said India does not have structural excess manufacturing capacity in sectors identified by the G20.
- ✓He argued that Indian production serves both domestic and global needs.
- ✓Goyal stressed that supply chain diversification should not ignore WTO rules or shift the burden onto developing nations like India.
Story at a Glance
- Category
- MARKET
- Reported By
- Economic Times
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Piyush Goyal said India does not have structural excess manufacturing capacity in sectors identified by the G20, arguing that Indian production caters to both domestic and global demand. Speaking at the G20 Trade Ministers' Meeting in the US, Goyal also stressed WTO rules, supply-chain diversification, forced labour concerns and the need to preserve policy space for developing economies.
Commerce and Industry Minister Piyush Goyal said India does not have structural excess manufacturing capacity in the sectors identified by the G20 Presidency, asserting that the country's manufacturing capacity serves both domestic and global needs.
The US holds the G20 Presidency in 2026.
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Economic Times
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